Raymond James Has Lowered Expectations for Mullen Group (TSE:MTL) Stock Price

Mullen Group (TSE:MTL) had its price objective decreased by investment analysts at Raymond James from C$18.50 to C$17.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 30.01% from the stock’s previous close. Raymond James also issued estimates for Mullen Group’s FY2025 earnings at $1.04 EPS and FY2026 earnings at $1.27 EPS.

A number of other research analysts have also recently weighed in on the company. BMO Capital Markets lifted their target price on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. Scotiabank reduced their target price on Mullen Group from C$20.00 to C$19.00 in a report on Thursday, January 30th. CIBC lifted their target price on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. National Bankshares lifted their target price on Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Finally, Cormark reduced their target price on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$18.86.

Mullen Group Price Performance

Shares of TSE:MTL opened at C$13.46 on Friday. The company has a market cap of C$1.20 billion, a P/E ratio of 9.76, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. Mullen Group has a 52 week low of C$12.47 and a 52 week high of C$16.06. The business has a fifty day simple moving average of C$14.76 and a 200-day simple moving average of C$14.65.

About Mullen Group

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.